Published on: June 6, 2013
Solid H1 Trading Update
Amino has published a solid trading update relating to H1 (to May). The group describes performance as being in line with expectations, and talks of H1 profit being “significantly ahead” of the prior year £0.2m. The business has always been H2-weighted, so there remains much to do in the second half, but clearly the market dynamics have been strong. We nudge up our cash forecast, given the strong H1 buoyed also by the £1.7m duty rebates, but otherwise for now make no changes to our estimates.
